Edible Packaging Market is Estimated to Witness High Growth Owing to Advances in Bio-Based Technology

0
264

Edible packaging refers to edible materials that can be consumed along with the product they wrap or contain. It is made from edible ingredients such as fruits, vegetables, herbs and spices. Edible packaging provides protection against moisture, oxygen, and other potential contaminants while maintaining freshness. It eliminates the need for disposal as they are 100% biodegradable and edible. Rising demand for sustainable packaging from food companies is a major factor driving the growth of the edible packaging market.

The global edible packaging market was valued at US$ 1,004.00 million in 2022 and is expected to exhibit a CAGR of 6.29% over the forecast period (2023-2030).

Key Takeaways

Key players: Key players operating in the edible packaging market are WikiCell Designs Inc, Devro PLC, Nagase America LLC, MonoSol LLC, JRF Technology LLC, Safetraces Inc., BluWrap, Skipping Rocks Lab, Tipa Corp, Watson Inc.

Key opportunities: Growing trend of sustainable packaging solutions and rising focus on organic and environment-friendly products present significant growth opportunities for players in the edible packaging market. Bio-based and edible packaging can help brands communicate their sustainability credentials to consumers.

Technological advancements: Advancements in bio-based technologies allow manufacturers to develop innovative Edible Packaging Market films, coatings and seals from agricultural byproducts and food processing waste. Emerging active and intelligent varieties with antimicrobial properties and ability to extend shelf-life are expanding the applications of edible packaging.

Market drivers: Strict regulations restricting use of plastics and pursuit of sustainability goals by governments and corporations worldwide are major market drivers. Increasing health consciousness and popularity of vegan and plant-based lifestyles also contribute to the growing demand for edible packaging solutions.


Current challenges in edible packaging market:

The Edible Packaging Market Size and Trend is still in a nascent stage of development and commercialization. Converting traditional packaging methods to edible alternatives requires extensive research and testing. Developing packaging materials that can provide adequate shelf life and protection without compromising the edible nature is a major challenge. Ensuring food safety standards and receiving regulatory approvals for new edible packaging solutions is another hurdle. High costs of production and maintaining consistency in material quality are some other issues limiting wider adoption of edible packaging currently.

Get More Insights on- Edible Packaging Market



Căutare
Sponsor
Categorii
Citeste mai mult
Alte
Best Salon in Udaipur
Udaipur, known for its rich cultural heritage and breathtaking landscapes, also...
By Umas Salon 2024-06-22 08:18:42 0 752
Jocuri
King of Fighters 2002 Magic Plus Apk
El juego gratuito king of fighters 2002 magic plus apk tiene un juego arcade clásico y...
By Fidelma Gwyneth 2022-05-11 10:09:18 0 2K
Networking
Adobe AD0-E700 Practice Test Questions [June 2021] AD0-E700 Dumps
Get Finding Prepared With Adobe AD0-E700 Exam Dumps Details: The systems administration world...
By Leonor Hane 2021-06-04 10:50:38 0 3K
Food
Glass Pot for Stove Top
Glass pot for stove top is made of food grade borosilicate glass, lead-free and non-toxic. Clear...
By Yafu ZHU 2022-08-13 09:43:05 0 2K
Shopping
Sports Shoes Online In Pakistan | Ndure
Intro to Ndure: Ndure is one of the best men shoes brands in Pakistan. Ndure brings a...
By Ndure Shoes 2022-01-11 12:58:51 0 3K